PasarPolis is Now Backed by Unicorns

Ride-hailing company Go-Jek, e-commerce company Tokopedia and travel booking startup Traveloka — three Indonesian unicorns with almost $4 billion in funding, have announced a strategic partnership with and investment in digital insurance startup, PasarPolis. The round itself is undisclosed and according to Deal Street Asia, it’s in the range of $5-8 million.

Founded in 2015, PasarPolis started as an insurance comparison site, and it now offers a variety of insurance products covering health, vehicle, accident, property, travel and life, which are underwritten by insurers such as AXA, AXA Mandiri, Lippo Insurance and Zurich. In addition, it has partnered with government-backed workers’ insurer BPJS Ketenagakerjaan as well as with Go-Jek to insure its drivers.

“This strategic partnership with PasarPolis will support the Go-Jek’s ecosystem where our driver partners have the access to insurance with an affordable premium . Today, there are more than 250,000 of our driver partners who enjoy insurance programs offered by PasarPolis.” – Founder and CEO of Go-Jek, Nadiem Makarim.

“PasarPolis uses advanced technology to lower barriers to entry for people to get insured, thereby helping reach a wider audience and ultimately provide insurance for everyone. We are happy to partner with Tokopedia, Traveloka and an affiliated company of GO-JEK who all share the same vision with us.” Founder and CEO of PasarPolis, Cleosent Randing.